Gold ETF holdings hit record high after eight-day buying streak
Global gold-backed ETFs extended their buying streak to eight consecutive days in August, with $18 billion in inflows pushing total holdings to a new all-time high.
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Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Gold Holds Support as CTAs Reverse Buying, Discretionary Investors Step In
CTAs have reversed recent gold buying, but discretionary investors are providing support, according to TD Securities. The bank expects any near-term weakness to be limited and to offer buying opportunities.
Digital gold may face tighter rules with mandatory physical backing
Indian authorities are weighing joint RBI-SEBI oversight of digital gold and a requirement that each unit be backed by physical bullion. The market holds roughly $3 billion in assets.
Gold price extends recovery as lower oil prices offset Fed rate hike fears
Gold rallied for a second straight day on Friday, hitting its highest since September 9. Lower oil prices provided the main support, countering the expected drag from a Federal Reserve rate hike.
Gold and silver fall on MCX as US-Iran tensions and rate hikes weigh
Gold and silver snapped a two-day rally on the MCX, with gold down Rs 1,331 per 10 grams and silver down Rs 1,600 per kg amid US-Iran tensions and central bank rate hikes.
Gold Holds Gains as Falling Oil Eases Rate Worries
Gold held near $4,350 an ounce as lower oil prices eased inflation concerns and traders weighed the Federal Reserve's rate path after its first hike since 2023.
Gold Edges Higher to Extend Weekly Streak, Fed Hike in Focus
Gold rose $26 to $4,416 for the week, extending its winning streak despite a Fed rate hike and firmer dollar. Volume data and technical signals suggest buyers may be returning.
Gold likely to stay range-bound next week as PMI data looms
Analysts expect gold to trade in a narrow range next week as markets shift focus to manufacturing and services PMI data from major economies, with the dollar and geopolitical tensions also in view.
Gold proves resilient as Fed rate-hike hysteria wanes
Gold initially dropped on the Fed's first rate hike in over three years but quickly surged the next day, suggesting the pattern of selling on rate-hike fears may be fading.